Under the new welfare law, states get a fixed grant from Washington, rather than payments that fluctuate with the number of welfare recipients.
At its most libertarian, the UBI becomes a replacement for state provision: you get a fixed sum from the state and you spend it on Uber-ised public services, hailing the cheapest social care worker on an app, or the cheapest eye operation.
Under their plan, retirees would get a fixed annual payment from the government that they could use to buy traditional Medicare coverage or a private health insurance policy.
Mr. Wasser has already negotiated a solution: GMAC will accept only $270,000 in repayment, allowing the couple to get a fixed rate mortgage from another bank.
Mr. Romney and Mr. Ryan support a plan that would change the program into one in which beneficiaries would get a fixed amount of money from the government each year to use to purchase private health insurance or traditional Medicare, a shift that Democrats say would leave the elderly vulnerable to rising health care costs.
The Associated Press succinctly described the Romney-Ryan proposal: Starting in 2023, new retirees on the younger side of the line [those younger than 55 in 2012] would get a fixed amount of money from the government to pick either private health insurance or a federal plan modeled on Medicare.
You get a fixed or variable annual payout from the trust for the rest of your life or for a term of 20 years or less.
Under Medicare Advantage, seniors effectively get a fixed sum to buy coverage from HMOs or managed care companies instead of having Uncle Sam pay doctors and hospitals on an a la carte basis.
She loved it when the band Fairport Convention, looking like inmates loosed from an asylum, wandered in to get a guitar fixed, and when Alan Paul from Manhattan Transfer came in looking for a Thai restaurant, and she lent him her car to go find one.
